On Laszlo Birinyi's 2,800+ S&P Prediction By September 4, 2013

Kermit was earlier on CNBC, killing microphones with 20,000Hz+ chirping, delivering a presentation on the merits of using rulers as a market extrapolation tool. And in case anyone is not convinced to whip our their own (ruler) and see just how the S&P is expected to hit 2,854 or some ballpark number by September 4, 2013 (precisely), here is how he got that number: you take the recent surge in the S&P driven by Bernanke's and the HFT's no volume melt up market levitation and apply a straight line to it. Any questions?

Which is not to say the Hungarian is wrong: after all by 2013 hyperinflation will be rampant (thank you Chairsatan Vissarionovich Jr) and market participants (read algos) will watch with horror as the Zimbabwe Stock Exchange acquires the only assets of the Deutsche Uber-Global Borse (their Mahwah collocation boxes naturally) for a few Bernanks (expiration date 72 hours after printing).

Well, it doesn't affect me much either way. I've been long stocks since March of '09 so I can ride out any eventuality. Plus my Home Decor business is taking off like a rocket, so stocks are just extra retirement money.

Wanqer, dedicated repetition of said italicized action can cause visual acuity to materially deteriorate. How can one be a purveyor of wall stencil kits if you have but one free hand, and the paint brush is a blur ?

You are just too brilliant. "Ride out any eventuality" is the smartest thing I've heard since Bernakski's "There is little or no inflation." and Birinyi's comments today. Just hold on to everything and you are guaranteed to stay on top. Perfect....

I had a normal take for January in my business, that is if you consider normal for a month in 1985!! It's all the same 'cause there is no inflation. I'm doing so well I think I'll sell my business for a quatrillion dollars before the economy takes a breather.

The Buzz Lightyear analytical method. I fear its a Wild E. Coyote moment... still running on thin air and after, and only, when you realize there is nothing supporting you - do you plumment ... and puff... you create a little cloud of dust when you meet earth.

the market can track with inflation...hyperinflation is another matter all together. At that point most people will have lost almost all purchasing power...and by extension...corporations will have lost most customers....sales, revenues and profits will plummet.

but then again...in this market...sure...I can see that a s a scenario for stocks to go parabolic.

This does seem realistic at this rate. Since corrections dont seem to ever occur anymore and we just go higher and higher on lower and lower volume, its conceivable that we may get there without another correction.

When you live in a world where stocks like FDX and DF can warn on earnings and zoom higher, then predictions like this seem extremely plausible.

The strange thing is that throughout history, whenever people have been this complacent, bad things have happened. I can't think of anything at this point that would be perceived as "bad" by this market.

The extrapolation above as an analysis is absurd.....but so is the anti-gravity market at this point. If inflation does go hyperbolic the FED's reaction will certainly dampen the market by the application of required tightening.......no???

Usually I choose to attack you on substantive reasons---maybe for the first time ever you disappoint in the entertainment/Vaudevillian department, you tease us with the Kermit reference and no video/audio of Birinyi?!?!?!?!?! It's a sad moment for ZeroHedge...I'm getting verklempt Mike Myers style now........

Hungary went through the worst inflation ever recorded between the end of 1945 and July 1946. In 1944, the highest denomination was 1,000 peng?. By the end of 1945, it was 10,000,000 peng?. The highest denomination in mid-1946 was 100,000,000,000,000,000,000 peng?. .......

..... When the peng? was replaced in August 1946 by the forint, the total value of all Hungarian banknotes in circulation amounted to one tenth of one US cent.

Birinyi is a simpleton and cannot even use his tools correctly. Employing his same data set I calculated that S&P would be only 2,723 by September 4, 2013! He should return to making book down at the race tracks if he cannot do any better than this!

This Hungarian idiot doesnt even use logarithmic charts. If hes going to use crayons and rulers to predict stock market movements at least use the correct scale for long term charts. I get S+P 3,800 , give or take , using the Full-Retard method and the right scaling chart.

Hey, I remember this chart from Aerospace Engineering courses. This is what the trajectory of Apollo 2013 looked like just before the fuel cells blew out. As you recall, it did a spin around the moon and ended up back where it started.

If all you know-it-all commenters heaping scorn on Birinyi are so effing smart, how come not one of you is talking about your own predictions? It's a rhetorical question; the answer is because you're a bunch of losers who predicted the S&P down to 400 and missed the greatest stock rally in memory.